Dan Ives' supply chain checks indicate that consumers like Apple's AI strategy, suggesting that the iPhone 16 cycle could be "a historical one."

Apple shares closed at an all-time high Thursday after Wedbush analysts raised their price target for the stock, telling clients they expect the iPhone maker could be headed for a "golden era of growth" driven by demand for artificial intelligence.

Calling SOUN a “long-term winner in the AI Revolution,” Ives backed an “Outperform” rating on the stock, and cited Soundhound's "aggressive but accretive M&A strategy with three acquisitions over the past 18 months (Amelia, SYNQ3, Allset) to expand its reach to more opportunities for voice AI solutions" as a positive catalyst for growth.

Apple is on the cusp of an artificial-intelligence-fueled “golden era of growth,” Wedbush analysts argued Thursday as they raised their price target on shares of the tech giant. The analysts increased their price target to $325,

Wedbush again raised its price target on Tesla stock on expectations the new Trump administration will give the EV maker's self-driving and artificial intelligence efforts a boost.

Wedbush raised its price target on Apple Inc (NASDAQ:AAPL) to $325 from $300 banking on transformative AI-driven iPhone upgrade cycle poised to fuel growth into 2025. The brokerage maintained its "outperform" rating,